US bulge-bracket firms get serious about compliance

Nowhere is this better illustrated than by the recent announcement that New York hedge fund Pequot Capital Management and Pittsburgh-based Mellon Financial Corporation - two of the largest hedge fund and asset management organisations in the US respectively - have signed with StarCompliance for the vendor’s code of ethics software system.

Both contracts are still in their embryonic stages, with neither organisation divulging details of the agreements, although Lawrence Cutler, a principal at